Comment by dannykwells
7 years ago
Literally just reads like a summary of a summary of a bad business book. This advice is maybe only useful to 23 year old tech bros.
Also, does anyone in tech realize how much, say, lawyers and doctors make? I feel like this advice literally just disregards the truth that highly highly trained individuals in some fields do very well.
Said another way: rich without luck = go to a very good med/law school and work very hard for a decade or two. No luck needed beyond the requisite life circumstances.
> Also, does anyone in tech realize how much, say, lawyers and doctors make?
Lawyer median income 2014: 75k/year
Doctors hold up better to this stereotype at median income of $208k (2017)
Median founder income = 0$/year since your start up will go bust and you'll lose the money you put into it. So being a founder is a terrible career path if you're just average.
All of this advice is presaged on being exceptional. Exceptional doctors earn 400-500K year, lawyers too.
Partners (in both law and private practice medicine) can earn much more.
I'd say having the skills/wherewithal/drive/smarts/stomach to be able to get into med school then pass it requires quite a bit of luck, as well as a lot of effort.